Wedbush initiated coverage of Sono Group N.V. with a rating of Neutral and set a new price target of $4.00

Cantor Fitzgerald initiated coverage of Sono Group N.V. with a rating of Overweight and set a new price target of $7.00

B. Riley Securities initiated coverage of Sono Group N.V. with a rating of Buy and set a new price target of $8.00

Berenberg initiated coverage of Sono Group N.V. with a rating of Buy and set a new price target of $21.00

Craig Hallum initiated coverage of Sono Group N.V. with a rating of Buy and set a new price target of $23.00

Sono Motors' Revenues Six Times Higher Compared to Q2 202221,000 Sion B2C Reservations And 22,000 B2B Pre-Orders, Reflecting In The Aggregate Approx. €1 Billion of Potential RevenuesPurchase Order Signed With One of the World's Largest OEMsUS Tour Generates Broad Interest for Company's Solar Electric Vehicle, SionSono Motors Signs Bosch as Service Partner for SEVSono Motors Secures Additional FinancingSono Motors Starts Special Community Campaign MUNICH, Germany, Dec. 08, 2022 (GLOBE NEWSWIRE) -- The solar-mobility OEM Sono Group N.V. (NASDAQ:SEV) (hereafter referred to as "Sono Motors" or the "Company") today announced its business and financial results for the third quarter of 2022.

Sono Motors' revenues in the Second Quarter 2022 Exceed First Quarter 2022 Revenues.Revenue Development Bolstered by a Total of 21 Sono Solar B2B Customer Projects as of today.Debut of ‘Sion' in Its Production Design and Introduction of ‘Solar Bus Kit', a Scalable B2B Solution to Enable Sustainable Mobility for Commercial Transport.First Series-Validation Vehicles Fully Assembled and in Testing.As of 1 September 2022, Over 20,000 Reservations (B2C) for the Sion With Average Down Payment of about €2,000 Net and Equivalent Net Sales Volume of about €435 Million.As One of Sono Motors' First B2B Customers, FINN Intends to Purchase 12,600 Sion to Create a Sustainable Fleet. MUNICH, Germany, Sept

Revenues in the First Quarter 2022 Already Exceed Full-Year 2021 Revenues.Revenue Development Fueled by Sono Solar B2B Customer Projects.Solar Business Expansion With 5 New B2B Partnerships in the First Quarter 2022.As of Today, the Sion Series-Validation Vehicle Program Is Picking Up Speed, All Work Streams With New Contract Manufacturer Valmet Automotive Have Been Kicked-off.As of 15 May 2022, Over 18,000 Reservations for the Sion With Average Down Payment of €2,310 Net and Equivalent Net Sales Volume of €393 Million. MUNICH, Germany, June 22, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (NASDAQ:SEV) (hereafter referred to as "Sono Motors" or the "Company", parent company to "Sono Motors

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MUNICH, Germany, Sept. 01, 2023 (GLOBE NEWSWIRE) -- On August 28, 2023, solar tech company Sono Group N.V. (NASDAQ:SEV) (the "Company") received a staff determination letter (the "Letter") from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that on March 20, 2023, the Staff had notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5450(a)(1). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until September 18, 2023, to regain compliance with the Rule. The Letter g

MUNICH, Germany, July 18, 2023 (GLOBE NEWSWIRE) -- On July 12, 2023, solar tech company Sono Group N.V. (NASDAQ:SEV) ("Sono Group" or the "Company") received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") stating that the staff of the Listing Qualifications Department (the "Staff") has determined that the Company's securities will be delisted from Nasdaq in accordance with Listing Rules 5101, 5110(b) and IM-5101-1. The Notice further states that trading of the Company's common shares will be suspended at the opening of business on July 21, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's secu

MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) -- On May 15, 2023, Sono Group N.V. applied to the insolvency court of Munich, Germany, to permit the opening of a self-administration proceeding (Eigenverwaltung) with respect to Sono Group N.V. pursuant to Section 270 (b) of the German Insolvency Code (Insolvenzordnung). On the same day, Sono Motors GmbH, Sono Group N.V.'s sole wholly-owned subsidiary, applied to the same court to permit the opening of self-administration proceeding in the form of a protective shield proceeding (Schutzschirmverfahren) with respect to Sono Motors GmbH pursuant Section 270 (d) of the German Insolvency Code. Sono Group N.V. conducts its business through its sub

MUNICH, Germany, May 08, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ:SEV) ("Sono Motors" or the "Company") announces that it received a notice (the "Notice") on May 3, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the "2022 20-F"), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"). The Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). As the Company previously di

On 24 February 2023 Sono Group N.V. Committed to Focus Exclusively on Solar Business for B2B Customers, And Terminated the Sion Passenger Car ProgramAgainst This Background, Members of Its Supervisory Board Have Resigned MUNICH, Germany, April 21, 2023 (GLOBE NEWSWIRE) -- On 24 February 2023, Sono Group N.V. (NASDAQ:SEV) ("Sono Motors" or the "Company") announced its commitment to change its business model to focus exclusively on its solar business for B2B customers and to terminate the Sion passenger car program. This has led to a shift in the Company's business model and operations away from its supervisory board members' strong expertise in the areas of automotive, digitalization, and

MUNICH, Germany, March 24, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ:SEV) ("Sono Motors" or the "Company") announces that on 20 March 2023, it received a letter from the Listings Qualifications Department of The Nasdaq Stock Market LLC (the "Nasdaq") notifying the Company that the minimum closing bid price per share of its common shares was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1). This current report is filed pursuant to Nasdaq Listing Rule 5810(b). The Nasdaq notification letter does not affect the Company's business operations and,

Sono Motors Signs Purchase Order With a Second Automotive Passenger Car ManufacturerSolar Technology Allows Convenience for Car Owners, Grid-Independent Charging, and a Reduction of Running CostsSono Motors Focuses on Retrofitting and Integrating Its Solar Technology Onto Third Party Vehicles in Four Core Industries: Passenger Vehicles, Buses, Refrigerated Vehicles, and Recreational VehiclesCompany Now Has Total of 25 Non-Binding Letters of Intent, Purchase Orders or Customer Contracts MUNICH, Germany, March 08, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ:SEV) ("Sono Motors" or the "Company") today announced it has signed a purchase order with a second pass

Sono Motors Commits to Focus Exclusively on Solar Business for B2B Customers, And Has Terminated the Sion Passenger Car ProgramSolar Technology Has Been Engineered to Enable Integration With a Wide Range of Vehicles, Including Buses and Trucks; Already Acquired 23 Customers To-DateSolar Solutions, Including Hardware Such as Power Electronics and Software, Benefit Fleet Operators by Saving Fuel and Costs and Reducing CO2 EmissionsSono Motors Recently Secured Funding From EU Commission Granted Project for its Solar TechnologyGiven the Capital-Light Nature of the B2B Solar Business, the Company's Funding Needs Are Expected to Decrease MateriallyTalks With Potential Investors to Focus on ‘Solar

Test Program Continues to Meet Sono Motors' Expectations Regarding Crash Safety of the Sion and Robustness of Proprietary Solar IntegrationSolar Panels Behave as Predicted: No Splinter and Thus No Additional Risk to Passengers and Other Road Users, According to Initial Complete Vehicle Crash TestSafety as a Standard: Every Sion Will be Equipped With Multiple ADAS Features at No Additional CostFuture-Proof: Over-the-Air Update Is Planned to Deliver Adaptive Cruise Control Feature in the Future MUNICH, Germany, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The affordable solar electric vehicle (SEV) Sion from Munich-based solar mobility solutions provider Sono Group N.V. (NASDAQ:SEV) ("Sono Motors" o

More Than €47 Million Committed From Over 8,600 Community Members And Additional Sources Since Early DecemberMore Than 5,000 Visitors Have Visited Sono Motors on the Company's Europe-Wide Tour; 12 Additional Sion Tour Stops Added in Response to Demand MUNICH, Germany, Jan. 26, 2023 (GLOBE NEWSWIRE) -- The Munich-based solar mobility solutions provider Sono Group N.V. (NASDAQ:SEV) ("Sono Motors" or the "Company") today announced an extension of its special community campaign ("#savesion"). More than €47 million has been committed in the #savesion campaign from over 8,600 community members and other sources since early December. The ongoing campaign underscores the uniqueness of Sono Motor

On August 28, 2023, solar tech company Sono Group N.V. (NASDAQ:SEV) (the "Company") received a staff determination letter (the "Letter") from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that on March 20, 2023, the Staff had notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5450(a)(1). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until September 18, 2023, to regain compliance with the Rule. The Letter goes on to state that for the past 12 consecutive tradi

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite moving lower on Wednesday. The Dow traded up 0.31% to 35,058.78 while the NASDAQ fell 0.21% to 14,323.99. The S&P 500, also rose, gaining, 0.13% to 4,560.72. Check This Out: Tesla Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts  Leading and Lagging Sectors Real estate shares climbed by 1.2% on Wednesday. In trading on Wednesday, information technology shares fell by 0.6%.  Top Headline U.S. crude oil inventories declined by 0.708 million barrels in the week ended July 14, compared to market estimates of a 2.44 million-barrel draw.  Equities T

Gainers Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) rose 43% to $6.91. SMX (Security Matters) Public Limited Company (NASDAQ:SMX) jumped 39.1% to $0.2031. Security Matters received a notice of allowance for its U.S. patent application 17/285,167 Titled "System And Method For Detection And Identification Of Foreign Elements In A Substance By X-Ray Or Gamma-Ray Detection And Emission." Carvana Co. (NYSE:CVNA) shares jumped 32.3% to $52.67 after the company reported better-than-expected second-quarter sales and guided positive adj. EBITDA for the third quarter. Carvana entered into distribution agreement with Citigroup, Moelis relating to offering of up to $1 billion of class A common stock

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 0.5% on Wednesday. The Dow traded up 0.53% to 35,137.16 while the NASDAQ rose 0.48% to 14,422.74. The S&P 500, also rose, gaining, 0.43% to 4,574.42. Check This Out: Tesla Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts  Leading and Lagging Sectors Utilities shares climbed by 1.1% on Wednesday. In trading on Wednesday, materials shares fell by 0.5%.  Top Headline M&T Bank Corporation (NYSE:MTB) reported better-than-expected second-quarter results. M&T Bank reported quarterly revenue of $2.60 billion, beating the consensus of $2.

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.37% to 35,082.94 while the NASDAQ rose 0.41% to 14,412.36. The S&P 500, also rose, gaining, 0.41% to 4,573.69. Check This Out: Tesla Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts  Leading and Lagging Sectors Real estate shares climbed by 1.3% on Wednesday. In trading on Wednesday, materials shares fell by 0.4%.  Top Headline The Goldman Sachs Group, Inc. (NYSE:GS) reported weaker-than-expected second-quarter earnings. Goldman Sachs reported quarterly EPS of

Gainers 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP) shares surged 23.6% to $2.99 in pre-market trading after dipping 21% on Tuesday. Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) shares gained 25.4% to $14.42 in pre-market trading. Deep Medicine Acquisition And Bright Vision Sponsor LLC have made non-redemption agreements with six unaffiliated third parties, as per reports filed on July 12, 2023 and July 14, 2023. SMX (Security Matters) Public Limited Company (NASDAQ:SMX) rose 16.1% to $0.1695 in pre-market trading. Security Matters Has received a notice of allowance for its U.S. patent application 17/285,167 Titled "System And Method For Detection And Identification Of Foreign Elem

The Company has requested a hearing before the Nasdaq Hearings Panel to appeal the Staff's determination.

Gainers Asset Entities Inc. (NASDAQ:ASST) shares jumped 142% to $2.79 after the company announced the development of an AI bot as part of its AE360DDM suite of services on Discord. Micromobility.com Inc. (NASDAQ:MCOM) shares rose 91.2% to $0.44. Chinook Therapeutics, Inc. (NASDAQ:KDNY) jumped 55.9% to $37.40 after Novartis agreed to acquire the company for $40 per share in cash. Advanced Health Intelligence Ltd. (NASDAQ:AHI) shares gained 44% to $3.14 after jumping 581% on Friday. Auddia Inc. (NASDAQ:AUUD) shares climbed 39.4% to $0.6042. Auddia reported the launch of its faidr 3.0 mobile app. Infobird Co., Ltd (NASDAQ:IFBD) shares climbed 38.8% to $2.02. Infobird recently regaine

Gainers Baosheng Media Group Holdings Limited (NASDAQ:BAOS) shares climbed 91.2% to $10.81. Airspan Networks Holdings Inc. (NYSE:MIMO) shares rose 52.5% to $0.2028 after dropping 5% on Wednesday. Mangoceuticals, Inc. (NASDAQ:MGRX) climbed 48.5% to $2.1987. Mangoceuticals signed a deal with Barstool Sports to market erectile dysfunction drug, Mango, on popular 'Only Stans' podcast. Aclarion, Inc. (NASDAQ:ACON) gained 28.8% to $1.34 after the company reported statistically significant nociscan cost-effectiveness abstract presented at ISASS Annual Meeting. Carvana Co. (NYSE:CVNA) gained 27% to $19.70 after the company said it expects to achieve adjusted EBITDA over $50 million and total

Gainers Recruiter.com Group, Inc. (NASDAQ:RCRT) shares jumped 114% to $0.41. Recruiter.com signed a definitive agreement for planned purchase of fintech assets of GoLogiq. Hoth Therapeutics, Inc. (NASDAQ:HOTH) rose 96% to $3.6850 after the company announced preclinical results for HT-ALZ for the treatment of Alzheimer's disease. Visionary Education Technology Holdings Group Inc. (NASDAQ:VEDU) shares rose 37.8% to $0.5928. Zura Bio Limited (NASDAQ:ZURA) shares gained 25% to $8.11 after the company completed approximately $80 million financing with the focus on advancing ZB-106, a potential first-in-class anti-IL-17 and anti-BAFF dual antagonist. Xunlei Limited (NASDAQ:XNET) rose 22%